Jewelry companies are in a difficult position when they are searching for a new management system. It’s not easy to compare different systems from multiple points of view.

The most important aspect of when choosing a jewelry software is not the price and not even the features - and you may disagree with this.

Coronavirus will undoubtedly shake the jewelry industry, at least as much as it did in most other global industries. We can envision the possible future if we follow what happened in China - as reported, the Chinese luxury industry experienced 70% or even 80% fall in traffic after the coronavirus outbreak there.

In the last few decades, the competition between jewelry casting companies has intensified. The more inventive ones have purchased the latest technologies, the best machinery and the latest 3D printers. But are these the only things that differentiate a reputable casting company from the others?

The question I will try to answer in this post is: how long does it take for software investments, and in particular investments into business software, to pay themselves back? And how will this payback happen and how do we know whether an investment in an ERP software system was or will be the right thing to do?